![]() Cash Buyers Defenestrate Not only in the U.S. but cash buyers of real estate investment stocks and trusts (REITs) in Canada, Europe and Asia (IYR, FTY, PSR, RWO, IFGL) have been selling the July 2013 peak. And now in August the "Chinese buy real estate at any price" Guggenheim AlphaShares China Real Estate ETF (TAO) looks to have joined the cash exit window. ![]() Kiss and Tell Cash Index "This key sector (Housing) had a huge impact on the broad market in 2007/2008. Will the price action result in a different outcome this time?" Chris Kimble goes on to make the point that: Home builders created a bearish wedge in 2006, broke support, rallied to "kiss the underside" of resistance then proceed to fall over 80% in value and the broad market followed. Comments are closed.
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History, Charts & Curated Readings"History, real solemn history, I cannot be interested in.... I read it a little as a duty; but it tells me nothing that does not either vex or weary me. The quarrels of popes and kings, with wars and pestilences in every page; the men all so good for nothing, and hardly any women at all - it is very tiresome." Jane Austen spoken by Catherine Morland in 'Northanger Abbey'
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"Progress, far from consisting in change, depends on retentiveness. When change is absolute there remains no being to improve and no direction is set for possible improvement; and when experience is not retained, as among savages, infancy is perpetual. Those who cannot remember the past are condemned to repeat it." George Santayana Vol. I, Reason in Common Sense
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